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Share-Based Compensation (Tables)
6 Months Ended
Jun. 30, 2024
Share-Based Compensation [Abstract]  
Schedule of Non-Vested Restricted Share As of June 30, 2024, non-vested restricted share units granted on August 22, 2023 are as follows:
Non-vested share units as of August 22, 2023    
Granted   40,000 
Vested   (20,000)
Forfeited   
-
 
Non-vested share units as of December 31, 2023   20,000 
Vested   (20,000)
Non-vested share units as of June 30, 2024   
-
 
Schedule of Stock-Based Compensation Plans Stock option activity under the Company’s stock-based compensation plans is shown below:
   Number of
Shares
   Average
Exercise Price
per Share
   Aggregate
Intrinsic
Value*
   Weighted Average
Remaining
Contractual
Term in Years
 
                 
Outstanding at January 1, 2024   3,314,128   $1.30   $
        -
    4.3 
Exercisable at January 1, 2024   549,958   $1.96   $
-
    3.8 
                     
Granted   
-
    
-
    
-
    
-
 
Exercised   
-
    
-
    
-
    
-
 
Forfeited   (84,000)   0.98    
-
    
-
 
Outstanding at June 30, 2024   3,230,128   $1.31   $
-
    4.1 
Exercisable at June 30, 2024   1,042,458   $1.5   $
-
    3.8 
* The intrinsic value of the stock options at June 30, 2024 is the amount by which the market value of the Company’s common stock of $1.37 as of June 30, 2024 exceeds the average exercise price of the option. As of Junen 30, 2024, the intrinsic value of the outstanding and exercisable stock options was nil.